The document discusses various types and functions of banks. It describes the different types of banks based on ownership (public sector, private sector, cooperative), organizational structure (scheduled, non-scheduled), field of work (commercial, agricultural, industrial), registration (scheduled, non-scheduled), area (local, national, global), location (urban, rural), and branches (unit banks, banks with branches). It also outlines key functions of commercial banks such as accepting deposits, lending money, making investments, and facilitating inter-bank transactions.
The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. RBI is headquartered in Mumbai and has four zonal offices. As of October 2021, Shaktikanta Das is the 25th Governor of RBI. RBI's key functions include issuing currency, acting as banker to the government and banks, managing foreign exchange reserves, and controlling credit in the economy through monetary policy. It also collects and publishes banking data and regulates and supervises commercial banks.
The document provides an overview of the banking industry and financial services in India. It discusses the history and evolution of banking in India from the 19th century to present day. It also outlines the key functions of banks, products offered by banks, sources of revenue, and various channels through which financial services and products are offered including branches, internet banking, mobile banking, telephone banking, and ATMs.
Co-operative banks were established to encourage thrift and provide credit to small farmers and businesses. They have a three-tier structure with primary co-operative societies at the local level that are owned by their members. These societies are federated into central co-operative banks at the district level and ultimately state co-operative banks at the state level. While co-operative banks perform basic banking functions, they differ from commercial banks in having a cooperative structure and partial regulation by the RBI. The document provides an overview of the origins and structure of co-operative banking in India.
- Commercial banks can create credit through their loan operations, expanding the monetary base without issuing new money. They lend out amounts greater than deposits by creating new deposits through loans.
- This credit creation process allows commercial banks to provide finance to all sectors, developing the economy. Bank deposits that arise from loans and purchases are called "derivative deposits" as banks play an active role in their creation.
- When a deposit is made in one bank and then withdrawn and deposited in another, the banking system can multiply the initial deposit into a much larger total deposit amount through the credit creation process across multiple banks, subject to required reserve ratios.
The document defines a bank as a financial institution that accepts money from the public for lending, investment, or withdrawal by check. It discusses the types of commercial banks and their primary functions, which include accepting deposits, lending, creating credit, clearing checks, financing foreign trade, and remitting funds. Secondary functions include agency and general utility services. The document concludes that banks help achieve socio-economic objectives and national policy goals while leading economic development.
The document provides an overview of the banking system in India. It defines banking and outlines the key laws governing banking operations. It then describes the structure of banks in India, categorizing them as commercial banks, cooperative banks, development banks, and others. The roles of the Reserve Bank of India as the central bank and regulator are also summarized. Finally, common banking products, services, and lending activities are briefly outlined.
This document provides an overview of commercial banks. It defines commercial banks as financial institutions that accept deposits, make business loans, and offer investment products. It then classifies banks based on their functions into savings banks, agricultural banks, exchange banks, industrial banks, cooperative banks, and commercial banks. The document describes the primary functions of commercial banks as accepting deposits and advancing loans. It also outlines the principles that commercial banks follow, including liquidity, solvency, safety, and profitability. Finally, it provides details on the sources of funds for commercial banks, which include deposits, reserve funds, shareholder capital, retained earnings, and liabilities management.
This document provides an overview of public sector and private sector banks in India. It begins with background on the Indian banking system and classifications of banks based on ownership, law, and function. It then discusses the privatization of Indian banking and the structure of the banking system. The primary functions of banks are described as accepting deposits, advancing loans through various methods, and credit creation. Secondary functions include remittance facilities, agency services, and other supplementary roles. The document presents research methodology used for a comparative study and analyzes data collected on performance indicators of sample public and private banks. It concludes with findings, suggestions and recommendations.
The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. RBI is headquartered in Mumbai and has four zonal offices. As of October 2021, Shaktikanta Das is the 25th Governor of RBI. RBI's key functions include issuing currency, acting as banker to the government and banks, managing foreign exchange reserves, and controlling credit in the economy through monetary policy. It also collects and publishes banking data and regulates and supervises commercial banks.
The document provides an overview of the banking industry and financial services in India. It discusses the history and evolution of banking in India from the 19th century to present day. It also outlines the key functions of banks, products offered by banks, sources of revenue, and various channels through which financial services and products are offered including branches, internet banking, mobile banking, telephone banking, and ATMs.
Co-operative banks were established to encourage thrift and provide credit to small farmers and businesses. They have a three-tier structure with primary co-operative societies at the local level that are owned by their members. These societies are federated into central co-operative banks at the district level and ultimately state co-operative banks at the state level. While co-operative banks perform basic banking functions, they differ from commercial banks in having a cooperative structure and partial regulation by the RBI. The document provides an overview of the origins and structure of co-operative banking in India.
- Commercial banks can create credit through their loan operations, expanding the monetary base without issuing new money. They lend out amounts greater than deposits by creating new deposits through loans.
- This credit creation process allows commercial banks to provide finance to all sectors, developing the economy. Bank deposits that arise from loans and purchases are called "derivative deposits" as banks play an active role in their creation.
- When a deposit is made in one bank and then withdrawn and deposited in another, the banking system can multiply the initial deposit into a much larger total deposit amount through the credit creation process across multiple banks, subject to required reserve ratios.
The document defines a bank as a financial institution that accepts money from the public for lending, investment, or withdrawal by check. It discusses the types of commercial banks and their primary functions, which include accepting deposits, lending, creating credit, clearing checks, financing foreign trade, and remitting funds. Secondary functions include agency and general utility services. The document concludes that banks help achieve socio-economic objectives and national policy goals while leading economic development.
The document provides an overview of the banking system in India. It defines banking and outlines the key laws governing banking operations. It then describes the structure of banks in India, categorizing them as commercial banks, cooperative banks, development banks, and others. The roles of the Reserve Bank of India as the central bank and regulator are also summarized. Finally, common banking products, services, and lending activities are briefly outlined.
This document provides an overview of commercial banks. It defines commercial banks as financial institutions that accept deposits, make business loans, and offer investment products. It then classifies banks based on their functions into savings banks, agricultural banks, exchange banks, industrial banks, cooperative banks, and commercial banks. The document describes the primary functions of commercial banks as accepting deposits and advancing loans. It also outlines the principles that commercial banks follow, including liquidity, solvency, safety, and profitability. Finally, it provides details on the sources of funds for commercial banks, which include deposits, reserve funds, shareholder capital, retained earnings, and liabilities management.
This document provides an overview of public sector and private sector banks in India. It begins with background on the Indian banking system and classifications of banks based on ownership, law, and function. It then discusses the privatization of Indian banking and the structure of the banking system. The primary functions of banks are described as accepting deposits, advancing loans through various methods, and credit creation. Secondary functions include remittance facilities, agency services, and other supplementary roles. The document presents research methodology used for a comparative study and analyzes data collected on performance indicators of sample public and private banks. It concludes with findings, suggestions and recommendations.
Reserve Bank of India- Management of Financial Services projectPriyanka Bachkaniwala
The document provides information about the Reserve Bank of India (RBI), including that it was established in 1934 and serves as India's central bank. It discusses the RBI's history and governance structure, with a central board and local boards. The key roles of the RBI are outlined as monetary authority, bank regulator, banker to the government, manager of foreign exchange, currency issuer, and developmental roles. The document also notes some of the RBI's subsidiaries and current monetary policy rates.
Non perfoming assets @ uti bank project report mba financeBabasab Patil
The document discusses non-performing assets (NPAs) and their impact on the profitability of new private sector banks in India. It provides background on the rise of NPAs in the Indian banking system and defines an NPA as an asset where principal and interest payments are overdue by 90 days. The objectives of the study are to analyze RBI norms on NPAs, compare NPA performance and credit risk of new private banks over 3 years, and examine the impact of NPAs on bank profitability. The methodology involves collecting primary data through bank official interviews and secondary data from RBI, IBA, and bank websites. The analysis uses quadrant analysis to study relationships between key financial metrics.
Today, the banking industry in our country is stronger and capable of withstanding the pressures of competition. It withstood Global Financial Crisis (2008). In the era of Globalization Banking Sector in India is rapidly changing since 1990s due to technological innovation, financial liberalization with entry of new private and foreign banks, and regulatory changes in the corporate sector. Indian banking industry is gradually moving towards adopting the best practices in accounting, internationally accepted prudential norms, with higher disclosures and transparency, corporate governance and risk management, interest rates have been deregulated, while the rigour of directed lending is being progressively reduced. In our country, currently we are having a fairly well developed banking system with different classes of banks – public sector banks, foreign banks, private sector banks – both old and new generation, regional rural banks and co-operative banks with the Reserve Bank of India as the leader of the system. In the banking field, there has been an unprecedented growth and diversification of banking industry and our banks are now utilizing the latest technologies like internet and mobile devices to carry out transactions and communicate with the masses.
This document is a project report submitted by Sarita Kumari comparing Axis Bank to other banks. It includes an introduction outlining the objectives and methodology of the study. It also provides some limitations of the study. The next chapter provides an overview of Axis Bank, including its evolution, mission and values, products and services (the 7 Ps), and achievements. The following chapter analyzes Axis Bank's financial performance and conducts a SWOT analysis. The report concludes with recommendations.
RESERVE BANK OF INDIA AND ITS FUNCTIONS BY P. SAI PRATHYUSHASaiLakshmi115
The Reserve Bank of India (RBI) is the central bank of India, established in 1935. It has several objectives such as regulating the issue of banknotes and maintaining monetary stability in India. RBI has a governor and deputy governors that oversee its organizational structure. Its key functions include financial supervision of banks and non-banking institutions, regulating the financial system, facilitating payments and settlements, managing government finances and foreign exchange, issuing currency, acting as a bank for banks and controlling credit in the economy. In conclusion, RBI plays a vital role in supporting India's economy through its diverse responsibilities and operations.
Axis Bank is one of India's largest private sector banks established in 1994. It has over 1,900 branches across India and overseas in Singapore, Hong Kong, Shanghai, and Dubai. Axis Bank offers a wide range of banking products including consumer banking, corporate banking, investment banking, wealth management, and insurance. It has over 40,000 employees and total assets of over $54 billion as of 2012. Axis Bank aims to provide best-in-class and technology enabled banking services to both retail and corporate customers.
The Reserve Bank of India (RBI) is the central bank of India. It was established in 1935 under the Reserve Bank of India Act and was nationalized in 1949. RBI occupies the highest position in India's monetary and banking system, regulating other banks and controlling the country's money supply and interest rates. As the lender of last resort, it aims to maintain price stability and a sound banking system through various monetary policy tools. Some of RBI's key functions include issuing currency, managing foreign exchange reserves, acting as both a commercial and development bank to the government, and supervising other banks.
This document discusses the Indian banking sector. It outlines the major types of banks in India including public, private, and foreign sectors. The banking sector has grown significantly since 2001. The Reserve Bank of India regulates the banking system and controls various policies. Major players in the sector include HDFC Bank, SBI, ICICI Bank, and others. The banking industry makes up a large portion of India's GDP and employs over 50,000 workers annually, primarily through public and private sector banks.
Public sector banks are owned by the government, while private sector banks are owned by private individuals or groups. Interest rates are typically lower for public sector banks compared to private sector banks. Public sector banks are considered more secure since they are run by the government of India, while there is a higher risk of fraud with private banks. Private banks can make business decisions and launch new products/services more quickly than public sector banks which require government approval.
This document is a project study report submitted for a Master's degree. It examines customer awareness of retail banking products at IDBI Bank. The report includes an introduction, background on the organization, research methodology, analysis and findings from surveys conducted, as well as conclusions and recommendations. It discusses nationalizing India's banking sector in 1969 and the liberalization of the 1990s that increased competition. The report aims to analyze customer satisfaction with IDBI Bank's products and services and identify opportunities to improve awareness of their wealth management offerings.
ICICI Bank is India's second largest bank. It was founded in 1955 as the Industrial Credit and Investment Corporation of India to support the industrialization of India. ICICI Bank launched in 1994 and became the first Indian bank to list on the New York Stock Exchange in 2000. ICICI Bank provides a wide range of banking and financial services including retail banking, credit cards, investment banking, insurance, and private banking. It has over 800 branches across India and has expanded internationally with subsidiaries in countries like Canada, Russia, Singapore, and the United Kingdom.
Banking Structure in India:
This presentation helps us to understand the basics of banking in India, its initiation, role and growth over the period of time.
This document provides a project report on consumer satisfaction from e-banking services with a study of HDFC and ICICI Bank. The report includes an introduction, literature review, research methodology, data analysis, findings, and conclusion sections. It examines customer satisfaction with e-banking services provided by HDFC and ICICI Bank through a survey of 133 customers and analysis of their responses. The report aims to evaluate customer awareness and usage of various e-banking facilities and identify areas for improvement.
Banking involves accepting deposits from the public and using those funds to issue loans. This provides a safe place for savings and supplies liquidity to fuel economic growth through business and consumer lending. Over time, the Indian banking system has evolved from indigenous banks to direct government intervention through nationalization, liberalization with the entry of private banks, and now includes foreign banks. The major types of banks in India are public sector, private sector, cooperative, rural, and foreign banks that all work to mobilize savings and facilitate transactions.
Chapter 1 Indian banking introduction newNayan Vaghela
Meaning & Definition of Bank, Portfolio Management, Role of Banking Sector in Economic Development, Constituents of Banking System in India, Functional Classification of Banks
The document provides an overview of the banking industry in India. It discusses that banks accept deposits and channel those deposits into lending activities. It then outlines the major functions of banks which include accepting deposits, lending money, remittances, locker facilities, and foreign exchange business. The document notes that the first bank started in India in 1786 and discusses some key milestones in the development of the banking industry in India such as the nationalization of banks in 1969 and liberalization in 1991. It categorizes the banking industry into public sector banks, private sector banks, and cooperative sector and provides details about each. The document also discusses challenges faced by the banking industry such as deregulation and new rules, and future outlooks around risk management
This document discusses the functions of commercial banks. It begins by defining a bank as a financial intermediary that takes deposits from savers and lends those funds to borrowers. It then describes the key functions of commercial banks, which include accepting deposits, lending loans, facilitating payments through checks, transferring funds, and providing various agency services. Commercial banks also engage in credit creation by lending out more money than they hold in deposits. The document outlines other services commercial banks provide and principles of sound banking, including maintaining adequate liquidity and expanding access. It concludes by explaining the role and functions of central banks, such as issuing currency, advising governments, overseeing commercial banks, and facilitating interbank clearing.
This document provides an overview of the banking sector in India. It discusses the definition of a bank according to Indian law and the history of banking in India in phases from the 18th century to present day. It also classifies the different types of banks in India including the Reserve Bank of India, public sector banks, private sector banks, cooperative banks, and development banks. The roles of commercial banks and investment banks are explained. Finally, it discusses modern modes of banking transactions such as e-banking, ATMs, debit cards, and credit cards.
Commercial banks are for-profit financial institutions that accept deposits, grant loans, and offer other financial services. There are three main types of commercial banks in India: public sector banks controlled by the Reserve Bank of India, private sector banks registered as limited companies, and foreign banks headquartered abroad. The primary functions of commercial banks are accepting deposits, advancing loans, and creating credit, while secondary functions include cheque clearing, fund transfers, and agency services like collecting payments. Commercial banks also offer electronic banking services like debit cards, credit cards, and internet banking. The largest commercial banks in India are State Bank of India, ICICI Bank, and Punjab National Bank.
This document provides an overview of innovations in retail banking. It discusses the differences between core banking and retail banking. It also outlines some of the key services offered in retail banks like ATMs, internet banking, mobile banking, and more. The document uses ICICI Bank in India as a case study to illustrate retail banking concepts. It provides details on ICICI Bank's history and an overview of its marketing mix including products, price, place, promotion, processes, physical evidence, and people.
relevance of 7ps of marketing in corporate social responsibilityRAVI SINGH
Max Life Insurance is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. It offers comprehensive life insurance and retirement solutions to 30 lakh customers through a diversified distribution model including agents and partnerships with banks. In 2011-12, Max Life Insurance ranked fourth among private life insurers in India with 8.6% market share and profits of Rs. 733 crore. It had assets under management of Rs. 17,215 crore as of March 2012.
In this book the word ‚“CHEESE“ is used as metaphor for what anybody want to have in life- wether it is a good job, a loving relationship, money or a possession, health or peace of mind.
The 4 characters depicted in the story are intended to represent the simple and complex parts of our self regardless of our age, gender or race.
Reserve Bank of India- Management of Financial Services projectPriyanka Bachkaniwala
The document provides information about the Reserve Bank of India (RBI), including that it was established in 1934 and serves as India's central bank. It discusses the RBI's history and governance structure, with a central board and local boards. The key roles of the RBI are outlined as monetary authority, bank regulator, banker to the government, manager of foreign exchange, currency issuer, and developmental roles. The document also notes some of the RBI's subsidiaries and current monetary policy rates.
Non perfoming assets @ uti bank project report mba financeBabasab Patil
The document discusses non-performing assets (NPAs) and their impact on the profitability of new private sector banks in India. It provides background on the rise of NPAs in the Indian banking system and defines an NPA as an asset where principal and interest payments are overdue by 90 days. The objectives of the study are to analyze RBI norms on NPAs, compare NPA performance and credit risk of new private banks over 3 years, and examine the impact of NPAs on bank profitability. The methodology involves collecting primary data through bank official interviews and secondary data from RBI, IBA, and bank websites. The analysis uses quadrant analysis to study relationships between key financial metrics.
Today, the banking industry in our country is stronger and capable of withstanding the pressures of competition. It withstood Global Financial Crisis (2008). In the era of Globalization Banking Sector in India is rapidly changing since 1990s due to technological innovation, financial liberalization with entry of new private and foreign banks, and regulatory changes in the corporate sector. Indian banking industry is gradually moving towards adopting the best practices in accounting, internationally accepted prudential norms, with higher disclosures and transparency, corporate governance and risk management, interest rates have been deregulated, while the rigour of directed lending is being progressively reduced. In our country, currently we are having a fairly well developed banking system with different classes of banks – public sector banks, foreign banks, private sector banks – both old and new generation, regional rural banks and co-operative banks with the Reserve Bank of India as the leader of the system. In the banking field, there has been an unprecedented growth and diversification of banking industry and our banks are now utilizing the latest technologies like internet and mobile devices to carry out transactions and communicate with the masses.
This document is a project report submitted by Sarita Kumari comparing Axis Bank to other banks. It includes an introduction outlining the objectives and methodology of the study. It also provides some limitations of the study. The next chapter provides an overview of Axis Bank, including its evolution, mission and values, products and services (the 7 Ps), and achievements. The following chapter analyzes Axis Bank's financial performance and conducts a SWOT analysis. The report concludes with recommendations.
RESERVE BANK OF INDIA AND ITS FUNCTIONS BY P. SAI PRATHYUSHASaiLakshmi115
The Reserve Bank of India (RBI) is the central bank of India, established in 1935. It has several objectives such as regulating the issue of banknotes and maintaining monetary stability in India. RBI has a governor and deputy governors that oversee its organizational structure. Its key functions include financial supervision of banks and non-banking institutions, regulating the financial system, facilitating payments and settlements, managing government finances and foreign exchange, issuing currency, acting as a bank for banks and controlling credit in the economy. In conclusion, RBI plays a vital role in supporting India's economy through its diverse responsibilities and operations.
Axis Bank is one of India's largest private sector banks established in 1994. It has over 1,900 branches across India and overseas in Singapore, Hong Kong, Shanghai, and Dubai. Axis Bank offers a wide range of banking products including consumer banking, corporate banking, investment banking, wealth management, and insurance. It has over 40,000 employees and total assets of over $54 billion as of 2012. Axis Bank aims to provide best-in-class and technology enabled banking services to both retail and corporate customers.
The Reserve Bank of India (RBI) is the central bank of India. It was established in 1935 under the Reserve Bank of India Act and was nationalized in 1949. RBI occupies the highest position in India's monetary and banking system, regulating other banks and controlling the country's money supply and interest rates. As the lender of last resort, it aims to maintain price stability and a sound banking system through various monetary policy tools. Some of RBI's key functions include issuing currency, managing foreign exchange reserves, acting as both a commercial and development bank to the government, and supervising other banks.
This document discusses the Indian banking sector. It outlines the major types of banks in India including public, private, and foreign sectors. The banking sector has grown significantly since 2001. The Reserve Bank of India regulates the banking system and controls various policies. Major players in the sector include HDFC Bank, SBI, ICICI Bank, and others. The banking industry makes up a large portion of India's GDP and employs over 50,000 workers annually, primarily through public and private sector banks.
Public sector banks are owned by the government, while private sector banks are owned by private individuals or groups. Interest rates are typically lower for public sector banks compared to private sector banks. Public sector banks are considered more secure since they are run by the government of India, while there is a higher risk of fraud with private banks. Private banks can make business decisions and launch new products/services more quickly than public sector banks which require government approval.
This document is a project study report submitted for a Master's degree. It examines customer awareness of retail banking products at IDBI Bank. The report includes an introduction, background on the organization, research methodology, analysis and findings from surveys conducted, as well as conclusions and recommendations. It discusses nationalizing India's banking sector in 1969 and the liberalization of the 1990s that increased competition. The report aims to analyze customer satisfaction with IDBI Bank's products and services and identify opportunities to improve awareness of their wealth management offerings.
ICICI Bank is India's second largest bank. It was founded in 1955 as the Industrial Credit and Investment Corporation of India to support the industrialization of India. ICICI Bank launched in 1994 and became the first Indian bank to list on the New York Stock Exchange in 2000. ICICI Bank provides a wide range of banking and financial services including retail banking, credit cards, investment banking, insurance, and private banking. It has over 800 branches across India and has expanded internationally with subsidiaries in countries like Canada, Russia, Singapore, and the United Kingdom.
Banking Structure in India:
This presentation helps us to understand the basics of banking in India, its initiation, role and growth over the period of time.
This document provides a project report on consumer satisfaction from e-banking services with a study of HDFC and ICICI Bank. The report includes an introduction, literature review, research methodology, data analysis, findings, and conclusion sections. It examines customer satisfaction with e-banking services provided by HDFC and ICICI Bank through a survey of 133 customers and analysis of their responses. The report aims to evaluate customer awareness and usage of various e-banking facilities and identify areas for improvement.
Banking involves accepting deposits from the public and using those funds to issue loans. This provides a safe place for savings and supplies liquidity to fuel economic growth through business and consumer lending. Over time, the Indian banking system has evolved from indigenous banks to direct government intervention through nationalization, liberalization with the entry of private banks, and now includes foreign banks. The major types of banks in India are public sector, private sector, cooperative, rural, and foreign banks that all work to mobilize savings and facilitate transactions.
Chapter 1 Indian banking introduction newNayan Vaghela
Meaning & Definition of Bank, Portfolio Management, Role of Banking Sector in Economic Development, Constituents of Banking System in India, Functional Classification of Banks
The document provides an overview of the banking industry in India. It discusses that banks accept deposits and channel those deposits into lending activities. It then outlines the major functions of banks which include accepting deposits, lending money, remittances, locker facilities, and foreign exchange business. The document notes that the first bank started in India in 1786 and discusses some key milestones in the development of the banking industry in India such as the nationalization of banks in 1969 and liberalization in 1991. It categorizes the banking industry into public sector banks, private sector banks, and cooperative sector and provides details about each. The document also discusses challenges faced by the banking industry such as deregulation and new rules, and future outlooks around risk management
This document discusses the functions of commercial banks. It begins by defining a bank as a financial intermediary that takes deposits from savers and lends those funds to borrowers. It then describes the key functions of commercial banks, which include accepting deposits, lending loans, facilitating payments through checks, transferring funds, and providing various agency services. Commercial banks also engage in credit creation by lending out more money than they hold in deposits. The document outlines other services commercial banks provide and principles of sound banking, including maintaining adequate liquidity and expanding access. It concludes by explaining the role and functions of central banks, such as issuing currency, advising governments, overseeing commercial banks, and facilitating interbank clearing.
This document provides an overview of the banking sector in India. It discusses the definition of a bank according to Indian law and the history of banking in India in phases from the 18th century to present day. It also classifies the different types of banks in India including the Reserve Bank of India, public sector banks, private sector banks, cooperative banks, and development banks. The roles of commercial banks and investment banks are explained. Finally, it discusses modern modes of banking transactions such as e-banking, ATMs, debit cards, and credit cards.
Commercial banks are for-profit financial institutions that accept deposits, grant loans, and offer other financial services. There are three main types of commercial banks in India: public sector banks controlled by the Reserve Bank of India, private sector banks registered as limited companies, and foreign banks headquartered abroad. The primary functions of commercial banks are accepting deposits, advancing loans, and creating credit, while secondary functions include cheque clearing, fund transfers, and agency services like collecting payments. Commercial banks also offer electronic banking services like debit cards, credit cards, and internet banking. The largest commercial banks in India are State Bank of India, ICICI Bank, and Punjab National Bank.
This document provides an overview of innovations in retail banking. It discusses the differences between core banking and retail banking. It also outlines some of the key services offered in retail banks like ATMs, internet banking, mobile banking, and more. The document uses ICICI Bank in India as a case study to illustrate retail banking concepts. It provides details on ICICI Bank's history and an overview of its marketing mix including products, price, place, promotion, processes, physical evidence, and people.
relevance of 7ps of marketing in corporate social responsibilityRAVI SINGH
Max Life Insurance is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. It offers comprehensive life insurance and retirement solutions to 30 lakh customers through a diversified distribution model including agents and partnerships with banks. In 2011-12, Max Life Insurance ranked fourth among private life insurers in India with 8.6% market share and profits of Rs. 733 crore. It had assets under management of Rs. 17,215 crore as of March 2012.
In this book the word ‚“CHEESE“ is used as metaphor for what anybody want to have in life- wether it is a good job, a loving relationship, money or a possession, health or peace of mind.
The 4 characters depicted in the story are intended to represent the simple and complex parts of our self regardless of our age, gender or race.
This document discusses the 7 P's of marketing, which are elements of a marketing strategy mix. It describes each of the 7 P's: Product, Price, Place, Promotion, People, Positioning, and Packaging. For example, it explains that Price not only determines profit but also affects perceived value for customers. And People refers to understanding customers through accurate profiling. The conclusion states that while the 4 P's were originally developed for consumer goods, the 7 P's framework now also applies to services, as most products have service elements.
The story follows four characters - two mice named Sniff and Scurry, and two little people named Hem and Haw - who search for cheese in a maze. One day they discover their usual cheese station is empty. While the mice quickly set off to find new cheese, Hem refuses to accept the change and wants the old cheese back. Haw decides to venture into the maze to search for new cheese. After overcoming his fears, Haw finds new cheese and learns to accept and even enjoy change.
This document provides information about marketing. It defines marketing as identifying, satisfying, and retaining customers profitably. It discusses the marketing mix, also known as the 4Ps - product, price, place, promotion. It expands on this to the 7Ps by including people, processes, and physical evidence. Different types of marketing are described such as mass marketing, direct marketing, and internet marketing. Price is discussed as an important element of the marketing mix that generates revenue. Different pricing strategies like price skimming, penetration pricing, and psychological pricing are also summarized.
The document discusses different types of agriculture practiced in India. It describes primitive subsistence farming, intensive subsistence farming, commercial farming, and plantation farming. It also discusses major crops grown in India like rice, millets, cotton, and coffee. Agricultural development aims to increase farm production to meet population growth through expanding cropped area, irrigation, use of fertilizers and high-yielding seeds, and farm mechanization. The ultimate goal is increased food security. Farming in India has a long history and India ranks second worldwide in agricultural output. In the US, agriculture is a major industry and the country exports food, with over 2 million farms covering over 900 million acres.
This document provides an overview of the banking system in India. It defines banking and outlines the key laws and institutions that govern banking operations, including the Reserve Bank of India Act and the Banking Regulation Act. It describes the structure of banks in India, categorizing them as commercial banks, cooperative banks, and development banks. It provides details on the various types of commercial banks, cooperative banks, and development banks in India. It also summarizes the major functions and roles of the Reserve Bank of India in regulating the banking system.
You are dumb at the internet. You don't know what will go viral. We don't either. But we are slighter less dumber. So here's a bunch of stuff we learned that will help you be less dumb too.
How I got 2.5 Million views on Slideshare (by @nickdemey - Board of Innovation)Board of Innovation
This document provides tips for creating engaging slide decks on SlideShare that garner many views. It recommends focusing on quality over quantity when creating each slide, using compelling images and headlines, and including calls to action throughout. It also suggests experimenting with sharing techniques and doing so in waves to build momentum. The goal is to create decks that are optimized for sharing and spread across multiple channels over time.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
The document provides principles for presenting data in the clearest way possible: tell the truth and ensure credibility with data; get to the main point by drawing meaning from the data; pick the right tool like pie, bar, or line graphs depending on the data; highlight what's important by keeping slides focused on conclusions, not all data; and keep visuals simple to avoid distractions.
An impactful approach to the Seven Deadly Sins you and your Brand should avoid on Social Media! From a humoristic approach to a modern-life analogy for Social Media and including everything in between, this deck is a compelling resource that will provide you with more than a few take-aways for your Brand!
How People Really Hold and Touch (their Phones)Steven Hoober
The document discusses design guidelines for touchscreen interfaces based on research into how people actually hold and interact with mobile devices. It provides data on finger sizes, common grips, touch targets, and notes that touch interaction is not just about finger size and pinpoint accuracy. The guidelines include making targets visible and tappable, designing for different screen sizes, leaving space for scrolling, and testing interfaces at scale.
What 33 Successful Entrepreneurs Learned From FailureReferralCandy
Entrepreneurs encounter failure often. Successful entrepreneurs overcome failure and emerge wiser. We've taken 33 lessons about failure from Brian Honigman's article "33 Entrepreneurs Share Their Biggest Lessons Learned from Failure", illustrated them with statistics and a little story about entrepreneurship... in space!
SEO has changed a lot over the last two decades. We all know about Google Panda & Penguin, but did you know there was a time when search engine results were returned by humans? Crazy right? We take a trip down memory lane to chart some of the biggest events in SEO that have helped shape the industry today.
Inside this guide, you'll learn an insiders tips and techniques to getting into the marketing industry - no job applications necessary.
You'll learn what marketing really is, why you'll find a job easily, what entry level marketing jobs look like and four actionable things you can try right now to help get you into the marketing industry.
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Rand Fishkin discusses why content marketing often fails and provides 5 key reasons: 1) Unrealistic expectations of how content marketing works, 2) Creating content without a community to amplify it, 3) Focusing on content creation but not amplification, 4) Ignoring search engine optimization, and 5) Giving up too soon and not allowing time for content to gain traction. He emphasizes that content marketing is a long-term process of building relationships and that most successful content took years of iteration before gaining significant reach.
Commercial banks play a key role in the Indian economy by facilitating transactions and encouraging savings. They accept deposits from the public, make loans and advances, and act as intermediaries between those with surplus funds and those needing funds. The main types of banks in India are public sector banks, private sector banks, foreign banks, cooperative banks, and specialized banks that focus on areas like agriculture, small industries, and exports/imports. The Reserve Bank of India acts as the central bank, regulating the banking system and monetary policy.
Unit - 01 Indian Banking System BBA 3rd Sem by Yogesh KumarYogesh Kumar
This is a short Presentation on Advertising Management for BBA Students who is Studying in BBA 2nd Year.
It Covers all the Basic terms about Advertising.
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Commercial banks are financial institutions that accept deposits from customers and use those funds to provide loans and other banking services. They make money through interest charged on loans and fees for services, paying lower interest rates on deposits. Commercial banks play an important role in the economy by creating liquidity and capital through lending. In India, commercial banks are classified as public sector, private sector, foreign or regional rural banks and are regulated by the Reserve Bank of India.
This document provides an overview of the history and development of banking in India. It discusses the establishment of the first commercial bank in 1881 and key events like the Swadeshi movement and banking crises that led to increased regulation. It also summarizes the nationalization of major banks in 1969 and 1980. The document then defines banks and describes the primary roles of banks in facilitating savings, lending, and business transactions. It outlines different types of banks that operate in India including commercial banks, cooperative banks, and specialized development banks. It provides details on the functions of commercial banks like accepting deposits and granting loans and advances. Finally, it briefly introduces non-banking financial companies (NBFCs) and their regulation by the Reserve Bank of
This document provides an overview of the different types of banks in India. It discusses central banks, commercial banks including public sector, private sector and foreign banks. It also covers cooperative banks, regional rural banks, local area banks, specialized banks including EXIM Bank and SIDBI, payments banks, small finance banks and indigenous banks. The key functions and features of each bank type are described.
This document discusses the introduction and growth of internet banking. It begins with an overview of information technology and how technological developments led to the evolution of internet banking. It describes how information technology transformed the banking sector by allowing banks to offer new digital services and connect with customers remotely through online and mobile banking. The document then discusses some of the key benefits that technology provided banks, such as increased productivity, cost efficiencies, and the ability to develop customized products and services for different customer segments. Finally, it explains how information technology freed banks from physical branch constraints and created new opportunities to build closer relationships with customers.
The document provides information about banking services and the role of banks. It begins by describing what a bank is - an establishment authorized by the government to accept deposits and provide financial services. It then discusses why banks were needed - as a safe place for people to save money and access funds when needed. The third paragraph summarizes the key functions of banks as accepting deposits, lending money, clearing checks, and providing other financial services to customers.
The document discusses the different types of banks that operate in Pakistan. It begins by defining banking and banking companies. It then outlines the main types of banks as: central banks, commercial banks, development banks, cooperative banks, specialized banks, microfinance banks, Islamic banks, and investment banks. For each type of bank, the document provides a brief definition and examples relevant to Pakistan.
Meaning and definition of bankingparam finall projecttttParamvir singh
Banks are financial institutions that accept deposits from customers and use those deposits to lend money or make investments. They provide a safe place for people to save money and access those savings whenever needed. There are various types of banks that serve different customer segments and purposes, including commercial banks that serve individual and business customers, cooperative banks that focus on agriculture financing, and specialized banks that target specific industries. Banking activities involve accepting deposits, lending money through loans and advances, investing deposited funds, and facilitating financial transactions and money transfers.
This document provides an overview of banks and their functions. It defines a bank as an institution that receives funds from the public and lends them to those who need financing. Commercial banks are the most important type of financial institution, as they dominate the banking system in every country. Commercial banks accept deposits and make short-term loans to businesses, playing a key role in promoting industry and trade. Central banks are charged with managing a country's money supply and monetary policy. The Reserve Bank of India is the central bank of India.
The document discusses the organizational structure of banks in India. It describes how banks are organized into two sectors - organized and unorganized. The organized sector includes Reserve Bank of India, commercial banks, cooperative banks, and specialized banks. Reserve Bank of India acts as the central bank, while commercial banks like public sector banks, private sector banks, and foreign banks accept deposits and provide loans. Cooperative banks meet credit needs in rural areas. The document also discusses the roles and functions of commercial banks in India.
This document provides an overview of different types of banks and their functions. It discusses savings banks, commercial banks, cooperative banks, investment banks, specialized banks, and central banks. Commercial banks are further divided into public sector banks, private sector banks, and foreign banks. The document also outlines the primary functions of banks as accepting deposits and granting loans/advances, and secondary functions such as agency functions, utility functions, and other services.
The document discusses the banking sector in India. It outlines the different types of banks in India including scheduled commercial banks, public sector banks, private sector banks, foreign banks, regional rural banks, and scheduled cooperative banks. Some of the largest banks in India are mentioned like State Bank of India, Bank of Baroda, and HDFC Bank. The banking sector is important for economic development, capital formation, and raising standards of living. The sector is expected to grow due to increasing demand, innovation in services, strong business fundamentals, and policy support.
The document provides an overview of the banking system in Bangladesh. It defines what a bank and central bank are. It then lists and describes the major types of banks in Bangladesh, including the central bank (Bangladesh Bank), scheduled banks (state-owned commercial banks, specialized banks, private commercial banks, and foreign commercial banks), non-scheduled banks, non-bank financial institutions, and specialized financial institutions. It concludes by listing the major banks in each category.
The document provides an overview of the Indian financial system. It defines a financial system as one that manages the flow of funds between market participants by facilitating the transfer of funds and assets between borrowers, lenders, and investors. The key components of the Indian financial system are financial assets, institutions, markets, and services. Financial institutions in India include banking institutions like scheduled commercial banks, cooperative banks, and non-banking financial companies. Together, these components work to efficiently allocate resources and promote economic growth.
The document discusses the Indian banking sector. It provides definitions and descriptions of the different types of banks in India including public sector banks which are government owned, private sector banks which are privately owned and focus on profit, and cooperative banks which are owned by customers. It also discusses the history of banking in India and lists the top 10 banks. It then provides more detail about the public sector bank State Bank of India and the private sector bank HDFC Bank, discussing their services, financials, and ratings/reviews.
This document provides an overview of banking and finance topics including different types of banks and financial planning. It discusses commercial banks, savings banks, land development banks, cooperative banks, industrial banks, exchange banks, and mixed banks. It also covers sources of finance including shares, debentures, ploughing back profits, and financial institutions. Financial planning aspects such as estimating capital needs, determining security types, and developing effective financial policies are also summarized.
Accounting and banking on finance explaining banking systemNilavanNANilavan
The key features of the Indian banking system are described in the document. It discusses the different types of banks that make up the system, including commercial banks (private sector banks, public sector banks, regional rural banks, and foreign banks), cooperative banks, payments banks, scheduled banks, and small finance banks. The document also covers the importance of banking systems in facilitating economic development through capital formation, credit creation, and supporting agriculture/industry. Branch banking is defined as a system where a bank provides services through a head office and network of branches, allowing for economies of scale and risk diversification but also creating management challenges.
This document discusses commercial banks and their types and functions. It defines commercial banks as financial institutions that grant loans, accept deposits, and offer other financial services. It identifies three types of commercial banks: public sector banks which are nationalized by governments, private sector banks which are owned by private businesses, and foreign banks which are headquartered in foreign countries. It then discusses the key functions of commercial banks, including accelerating capital formation by mobilizing savings, providing finance and credit to trade and industry, developing entrepreneurship, promoting balanced regional development, and helping consumers.
Commercial banking in India began in the 18th century with the establishment of banks by the British East India Company. The three presidency banks - Bank of Bengal, Bank of Bombay, and Bank of Madras - were established in the early 19th century and given rights to issue currency in their regions. Several other banks were established throughout the 19th century. The Reserve Bank of India was established in 1935 and became fully state-owned in 1949. It enacted the Banking Regulation Act to regulate commercial banking. Nationalization of banks in 1969 was a major development in Indian banking. Today there are various types of banks that perform important functions like accepting deposits, lending funds, and providing payment services, which contribute to economic development.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
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Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
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You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
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An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Reimagining Your Library Space: How to Increase the Vibes in Your Library No ...Diana Rendina
Librarians are leading the way in creating future-ready citizens – now we need to update our spaces to match. In this session, attendees will get inspiration for transforming their library spaces. You’ll learn how to survey students and patrons, create a focus group, and use design thinking to brainstorm ideas for your space. We’ll discuss budget friendly ways to change your space as well as how to find funding. No matter where you’re at, you’ll find ideas for reimagining your space in this session.
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LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
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3. INTRODUCTION
Historically before 2000 B.C. temple was used as a bank. In
Exrope were used to sit on bench to exchange their money and
exhibit their coins. They called this banch as ‘Banco’.In
Germany, the word ‘Bank’ is derived from ‘joint fund’.
A common person knows only that bank means to deposit
money in the bank and withdraw as and when it requires. In fact
bank performs many other function.
Directly or indirectly bank is connected with all economic
transaction of human-being. Banks have provided contribution is
given to solve the problem of unemployment and economic
development of the country . Bank has provided oxygen in the
form of loan to big and small industries. Banks have also started
to give loan to those educated unemployed who wants self
employment . In import-export trade also the services of bank
become essential.
4. BANKING
An institute providing banking services is
known as bank. This institute continuosly tries to maintain
balance balance between profitability and liquidity. For
maintaining this balance the management of the bank
must be of a high level. In modern age, bank become
centres of faith of millions of person, that is why in real
life its meaning has been derived as a place of putting
faith. For expressing faith it is said proverbially, ‘I bank
on you.’ By keeping this concept at heart indian banking
act has defined banking has : “A service to accept deposit
from people with the intention to invest or lead with the
condition of returning it immediately whenever demanded
at any predetermined time. As institute providing this
service is a bank.
6. (1)
Central bank
Every nation has one central
bank. It has to control the banking service
industry of the nation. It is a centre of authority
of banking service industry. It has to see faith
of people in bank endures and it has to work
for taking steps for it. Central bank enlist those
banks which satisfy the specific condition and
declares them as scheduled. The name of the
cantral bank of our nation is Reserve Bank
of India
7.
8.
9. Structure of authority
(2)
Regional/Central Bank
By co-ordinating with
central bank, Regional/ central bank takes steps to
control directly the banking service industry in
different regions. It works to take steps for running
this industry smoothly. State Bank of India is doing
this work in our nation.
10.
11. Structure of authority
(3)
Primary bank
Primary banks are
providing service directly to the people.
They perform many function of opening
accounts,accepting,deposits,leading,etc.
they work under the control of central and
regional central bank.
13. The first type of banks from
ownership point of view is public sector banks.
The ownership and management of these banks
are of the government. It is accountable to the
legislative assembly or the parliament like any
other public sector units. Some banks of private
sector were nationlized in independent india.
NOTE => Public sector banks do not become
insolvent, so deposits and other investment
given to these banks remain safe.
14. (2) Private banks
The ownership point of view, if the
ownership and management of banks remain with certain
citizen, those banks are as private banks.
Note=> Private banks are registered as companies having
limited liability. Banking service companies like H.D.F.C
bank known as shroffs, shahukars and multanis in our
country are private enterprises. Private banks are regulated
by central and regional central banks.
15.
16. (3) CO-OPERATIVE BANKS
Co-operative banks come into existence under
Co-operative Act as a form of organization. Comparatively, it is
easy to start an organizational unit under Co-operative Act. So,
Co-operative banks are established on a big scale in central
areas. Consent of the central banks is required to start this type
of bank. The central Bank regulates its day-to-day operation
also
e.g
17. Joint sector is run by the
government and private individuals jointly. The
implementation of government programme is done through
joint sector banks as done by any public enterprise.
Besides, they nourish the elements of efficiency and profit
of private enterprise. Some nationalized banks have been
made joint sector banks by offering their shares to public.
20. (1) ORGNISED SECTOR BANKS
Banking service industry is divided in
organized ad un organized work organisation like any other
industries. Organised sector bank work according to declared
rules. They are regulated by the central bank. Their operation
are kept transparent. The internal set-up is also run according
to the declared rules . Banks like Bank of india.
21. (2) Unorganized bank
People known as ahroffs, shahukar, vaniya,
multani, Pathan are un organized banks in India. They provide
banking services. Regulation are negligible for them. Rural areas
and people having small requirements in India are utilizing banking
services of unorganized sector on a big scale. Generally, the rate of
interest of these banks is high and recovery of their lended money is
very stringent.
22. FIELD OF WORK
VIEWPOINTS
COMMERCIAL AGRICULTURAL INDUSTRIAL
BANKS BANKS BANKS
23. (1) Commercial banks
In modern time, special elements are seen in
the scope of a bank of organised banking services. This type of
banks are seen in three main sector of economy. (1) Agriculture
(2) Industry and (3) services, and they have specialised in
providing the services. Commercial banks take the deposits
from the public and land the money for a short period and for a
different activities of different areas. Their aim is to earn profit
as like trade and hence they, are known as commercial Bank.
Most of the businessmen want short term finance and it fulfill
by this banks. Hence, they are also called Mercantile Bank.
24.
25. Agriculture sector based on nature. Hence, there is
more uncertainty regarding the possibility of crope and quantity
of the crope. In these circumstances, farmer borrow money from
money from unorganised banks at high rate of interest and for the
payment of there debt they become ruined. Considering this fact,
to fulfil the requirement of agriculture sector some organised
banks are established, which are known as Agriculture Banks.
This banks have adopted remarkable specialisation. Some
agriculture banks lead money for development of land. Some
banks lead money on security or mortgage. This type of banks
give guidance to farmer regarding how to increase productivity.
26. (3) INDUSTRIAL BANKS
To fulfil different requirement of industries, the banks
came in to existence are known as industrial banks. All industries
require money to purchase different gear & resources for the
production. Moreover long-term and short term financial need aries
to face uncertainty and risk of the market. To pay the different
expences of factory and office, long-term financial requirement aries.
To satisfy the financial requirement of the industry, industrial banks
lead money for medium and long-term. In this type of banks. Also
bank, specialization is seen. Some banks lead money only small scale
industries e.g. small scale bank, and some bank lead money to large
scale industries e.g. Industries Development Bank of India (IDBI)
and I.C.I.C.I Bank.
29. (1) Scheduled banks
Central Bank has declared different measure
such as capital of the bank, size of bussiness,
capability of management etc. The banks, which
possess this are registered and included in the
scheduled of central bank are called scheduled
bank. Central Bank and Regional central Bank keep
watch on such banks. Besides this , when financial
crisis arise in this banks, central bank immediately
give them financial and other help. Hence, these
scheduled banks are more trustworthy e.g.
Industrial Development Bank of India (IDBI) and
I.C.I.C.I Bank.
30.
31. (2) Non-scheduled banks
The banks, which do not posses the standards decides
by Central Bank or due to no desire, are not listed and included
in the scheduled are called as non-scheduled bank. This bank
should compulsory declared to their depositor and public that
this bank is Non-scheduled Bank. The management of this bank
should be on professional base.
33. (1) LOCAL BANKS
This type of bank is formulated by keeping geographical
areas as point of view. Banks which are serving city, block or a district
are known as local bank. The working of this bank is very compact.
Most of the co-operative banks are local.
34. (2) National banks
Most of the banks are national. As most of the
economic activities are taking place within the country. These
national banks, while adapting to the situation, are performing
their activities at national level. Their branches are in the big
cities of the country . So, their expected services are provided in
big economic centres ,i.e. cities, e.g. Dena Bank.
35.
36. (3) Global or foreign banks :
Those banks which are working in
various countries are known as global banks.
With the increase in international economic
operation, the development of these banks
also take place. International tourism also
helps greatly in the development of these
banks. These banks are working as national
banks in their original nations.
37.
38. (1) Urban banks
In the city area of the country proportion of industries and
population is more. The need of the city area is also different
than rural areas. To satisfy this needs, the banks established in
cities are called urban banks. These banks work formaly as per
the rules decided by the government. Their work-load is more.
39. Rural Banks are established to provide financial help to agriculture
activities run on small scale in rural areas. The administration of such banks
is done by very limited persons. In rural banks the proportion of un
organized bank is more. In this type of banks restrictions regarding time and
formalities is very less and activity oriented concept is is more. Hence, they
make changes in their time requirement. Such banks remain in contact with
their district or taluka’s central bank.
41. In the beginning of banking
profession, its administration was run by
individual or family and it had no any
branches. Hence, it was called Unit Banks.
Before many year in Gujarat, people who gave
Banking services were called ‘Nanavati’. Unit
Banks were found in Bania caste. With the
change in time and circumstance existence of
this banks are not seen.
42. The bank which posses their own officies in different areas
to provide banking service over above on the place of their
head office, is called Banks with the branches. In this bank high
level skill and management is necessary for recording the
trancation between the branches and between branch and
head office.
As stated above, different types of bank can be noted at
different viewpoint. Any one type of bank can be included also
in other type e.g Mehsana Nagarik Co-operative Bank is a
primary Bank, also a Co-operative Bank is a primary Bank, also a
Co-operative Bank, Non-scheduled Bank, bank with branches
and at the viewpoint area it is also a Nagarik Bank.
43. Function of commercial banks
MEANING
Commercial banks do the function of accepting
deposits and lending funds to trade, industry and other individuals.
Mostly commercial banks do the function of making short term
advances to the businessmen. The intention behind of such activity
of banks is to earn profit, hence they are termed as commercial
banks. Mostly such banks provide service to business class.
Similarly the banks are known as Mercantile Banks. In our country
such banks have development on large scale. Bank of India, Bank
of Baroda, etc
45. (1) ACCEPTING DEPOSIT
Bank accepts the financial saving of the people
as a deposit. Bank gives interest on the amount of
the deposit to depositor. The responsibility of bank
is to return the basic amount of the depositors in
time and to maintain their trust . Bank recive
deposit in three ways.
Saving account Current account Fixed deposit account
46. bank receive deposit mainly through
saving account. The accountholder can do the
transaction in limited number. Accountholder
can withdrow money from their account by his
own sign on the cheque or through withdrawal
slip. He can deposit his own cash, cheque and
draft received, in his account. Account holder
has to keep minimum balance in his account as
decided by the bank. Bank can force to their
accountholder regarding this, and hence mare
deposit can be obtained by this method
47. In current account there is no
restriction on the number of financial
transaction. Hence, current account become
more popular in businessman. Current
accountholder has also to keep minimum
balance in his account as like saving
accountholder, decide by the bank.
48. Fixed deposit account
To use amount of the depositors
for specific period, bank accept the fixed term
deposit and gives the receipt to depositor for
receiving the amount. The bank give
guarantee in writing to return the amount of
deposit with interest to depositor after
finishing decided time i.e date of maturity.
Depositor can not withdraw their amount
before date of maturify and hence bank gives
more interest on the deposit compare to
saving account.
49. It is also an improtant function of a bank to lend
the money received through saving account and fixed term
deposit to needy person. Bank earn because bank gives
interest at low rate on deposit and charge high rate of
interest on advances. After paying expenses from the
earning bank gets profit. If, after receiving the
deposit, that amount is not landed deposit, that amount is
not landed then bank has to suffer loss. Beside this, if
recovery is not done in time after lending the money then
also lending activity become loss making. Lending of
money done in three ways as like Overdraft, Cash
credit, Loan.
50. (3) MAKING INVESTMENT
If lending is less then the sum of bank’s
own capital and the total movement of deposit, the
cash on hand of deposit is without any earning.
So, third core function of banks is to invest this
cash. By monitoring the inflow and outflow of
cash, investment is to be made on the basis of
flawless calculation. Liquidity is to be maintained
continously while making investments. Arrangement
of getting cash immediately from investment is to
be made inevitably during emergencies and
contingencies. It seems that it always advisable to
invest in government securities and in the cent per
cent sound institutes.
51. (4) Doing inter banking transaction
Banks are also executing function of
transacting with different banks. At times
certain bank needs money for 24 hours or for
lesser period than that. On the other side there
are some banks where unutilized money is lying
idle. Such banks internally strike an exchange of
money; and overcome their difficulties. Such
money when called for are returned
immediately. Hence’ the same is known as ‘call-
money’. In fact in such transaction one bank
lends money and another bank receives the same
as advances.
52. COMMERCIAL BANK FUNCTION
OTHER FUNCTION
1. Financial transaction of customer
2. Doing transaction pertaining to foreign
exchange
3. To issue letter of credit
4. Providing service of draft
5. Providing information of credit of related
parties
6. Become an under-writer
7. To issue credit card and debit card
8. To provide teller service
53. Banks has mainly two types of
customer; (1) depositor and (2) Borrowers. These
customer are having their own financial
transaction. Financial transaction ultimately result
into payement or receipt. Bank provides service at
this last stage. It conduct transaction from the
payement of electricity bill to collecting money of
bills receivable. Customer are having many types
of financial transaction, the list of which always
remain incomplete.
54. (2) Doing transaction
pertaining to foreign exchange
Banks provide services of
bringing money from forign countries
and of sending it. It provides services
of receiving and dispatching
documents connected with foreign
trade. Only those banks which have
been permitted by the central bank
can do this job.
55. Letter of credit is a letter written by one
bank to another bank regarding the credit of
their accountholder. How much credit is granted
to the accountholder is pointed out in his letter.
Before granting the credit bank collect that
much amount from that person or bank demand
the security of that much amount. This letter of
credit makes the financial transaction very easy
and reliable because in this letter name of that
person, amount granted as credit, payement
period, etc. is pointed out.
56. (4) PROVIDING SERVICE OF DRAFT
Draft is known as demand draft.
Bank provide service of pay-order, telegraphic
transfer, telephone transfer, E-mail and mail
transfer also.
57. (7) To issue credit card and debit card
Bank perform an important function to give credit card.
Bank study very carefully regarding the credit of a person, who
have applied for credit card. After this study if feel that
applicant is capable and willing to pay the debt of specific
amount, than bank give credit card for that much amount to
applicant. In recent time master card, BOB Card etc. Credit
cards become more popular.
Debit card is also in the existence. This type of
cardholder has to deposit specific amount in advance as per
their desire, in the bank. Then after while purchasing, he has to
present his debit card and amount of purchased goods is
debited from his account.
58.
59.
60. The bank come to know
about the financial soundness of many
persons with whom it has frequent financial
transactions. As the bank has to earn faith of
people so related ones also have to earn
faith of the bank. Third party knows that the
bank does know about the financial
soundness of those persons with whom it
deals. Within the limit of law and with no
onus on it, the bank does the work of
providing the information of soundness of the
party.
61. When a new company enters the
capital market and collect through shares, it is
apprehensive whether it can collect at least the
minimum subscription to start the business. It is afraid
of non-start of business in this situation. So, it request
bank also to give an undertaking that in the absence of
receipt of minimum subscription bank will fill up the
deficiency.
62. (8) To provide teller service
This service is given by bank is known as ATM.
When depositors or accountholder by depositing money or by
investing gives surety of their solvency, then bank issue them
ATM card. In spacified branches of the bank machine are kept
for receiving this card. When cardholder wants to withdraw the
amount of less than the credit balance, then he has to insert the
card in machine and after indicating the amount by pressing
the button, he can get money at anytime during 24 hours.